Today, let’s talk about “payment shock” and what it means for millennials. I see the issue all the time with first-time homebuyers in Virginia (Virginia Beach, Norfolk and Chesapeake). First, what is payment shock? It’s when the amount of the proposed monthly mortgage payment is significantly higher than a rent payment — or no payment at Read more about First-Time Homebuyers and Payment Shock[…]
Money Market reported this week that “too many veterans are steered away from VA loans and some vets don’t even know about the program.” VA loans are great for people in Hampton Roads who are part of our military community. It doesn’t matter if you live in cities like Virginia Beach, Norfolk and Chesapeake. The VA Read more about Why You Should Consider a VA Loan[…]
This week, I have a column on millennials and homebuying featured in Inside Business, the main business newspaper in Hampton Roads. Inside Business reaches the business community in Norfolk, Virginia Beach, Chesapeake, Portsmouth and Suffolk. The column is called “15 Things Millennials Want When Buying a Home” Check it out and see the column online here.
If you’re a realtor in Virginia Beach, Norfolk, Chesapeake and all of Hampton Roads…get these apps! 1. Evernote As realtors, you are always on the go and there are so many things to do. This app is a great to-do list. Ex: create client specific lists 2. Shoeboxed Track all of your mileage and receipts Useful during Read more about 4 Online Tools Every Real Estate Professional Needs[…]
Realtors always negotiate the best terms of the contract on behalf of your clients. I often see buyers in Virginia who ask sellers to cover the closing costs. For example: “Seller to contribute $X toward buyers closing costs, pre-paids, etc..to be used at buyer’s discretion.” But do you know the difference between closing costs and Read more about Complicated Terms, Simple Definitions: Pre-Paids and Closing Costs[…]